New oilfield located offshore Vietnam
Japanese Idemitsu Kosan company on August 21 announced that it has struck oil at its fourth oil-well at plot 05-1b and 05-1c offshore southern Vietnam.
 |
The company said the oilfield was first identified through testing carried out in May and August.
Idemitsu plans to complete further testing in the near future to identify the full extent of reserves of the new oil field.
Two Japanese companies - Idemitsu and JX Nippon – each own 35% of shares in the oil plots while another company – Inpex Corp – holds the remaining 30% interest.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Vietnam to welcome cell stem quality control centre meeting international standards (December 20, 2024 | 12:02)
- E-commerce platforms adapt features for broader gains (December 19, 2024 | 19:00)
- E-commerce race heats up with new player entering arena (December 19, 2024 | 16:03)
- Interest must rise for carbon exchange (December 19, 2024 | 16:00)
- Limitations abound for domestic EV carbon credits (December 19, 2024 | 15:00)
- Businesses pivotal in offsetting carbon measures in Vietnam (December 19, 2024 | 13:00)
- Coordination key for circular economy (December 19, 2024 | 10:56)
- Vietnam’s first logistics laboratory established (December 19, 2024 | 08:00)
- Masan Consumer Holdings honoured with consecutive "Great Place To Work" certifications (December 18, 2024 | 16:55)
- SABECO’s research facility a dream for its brewmasters (December 17, 2024 | 10:30)
Mobile Version